Insolvency and Bankruptcy Board of India
In one line: The Insolvency and Bankruptcy Board of India (IBBI), set up on 1 October 2016 under the IBC, regulates both the insolvency processes and the professionals who run them.
What it does
The IBBI describes itself as a regulator of a profession as well as of processes. It oversees insolvency professionals, insolvency professional agencies, insolvency professional entities and information utilities. It writes the regulations for corporate insolvency resolution, corporate liquidation, individual insolvency resolution and individual bankruptcy. It is also the authority for the valuation profession under the Companies (Registered Valuers and Valuation) Rules, 2017. It is not a court: cases are decided by the NCLT and, for other individuals, the Debt Recovery Tribunal.
Why it is in the news
The IBBI issued a discussion paper proposing four safeguards for personal guarantor cases and invited public comments until 3 October 2026. Changes of this kind are made by amending its regulations.
Where to go next
- Insolvency and Bankruptcy Code, 2016
- Avoidance transactions
Insolvency and Bankruptcy Board of India in the news
- IBBI lets creditors keep completed housing projects out of a builder's insolvency process 1 November 2026
The regulator that wrote the new rules
- After a 99.97% haircut order, IBBI proposes safeguards in personal guarantor insolvency 15 September 2026
The regulator that writes the rules and proposed these changes.
Previous-year questions on this
- 2016 · GS2 · 12.5 marks What is the quasi-judicial body? Explain with the help of concrete examples.
- 2015 · GS2 · 12.5 marks In the light of the Satyam Scandal (2009), discuss the changes brought in corporate governance to ensure transparency and accountability.
- 2013 · GS2 · 10 marks The product diversification of financial institutions and insurance companies, resulting in overlapping of products and services strengthens the case for the merger of the two regulatory agencies…
- 2017 · Prelims Which of the following statements best describes the term ‘Scheme for Sustainable Structuring of Stressed Assets (S4A)’, recently seen in the news? (a) It is a procedure for considering ecological…